Baytex Energy Corp T.BTE

Alternate Symbol(s): BTE

Energy Oil & Gas E&P

Baytex Energy Corp. is a Canada-based energy company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. Its crude oil and natural gas operations are organized into three main operating areas: Light Oil USA (Eagle Ford), Light Oil Canada (Pembina Duvernay / Viking) and Heavy Oil Canada (Peace River / Peavine / Lloydminster). Its Eagle Ford assets are located in the core of the liquids-rich Eagle Ford shale in South Texas. The Eagle Ford shale covers approximately 269,000 gross acres of crude oil operations. Its Viking assets are located in the Dodsland area in southwest Saskatchewan and in the Esther area of southeastern Alberta. It also holds 100% working interest land position in the East Duvernay resource play in central Alberta.

TSX:BTE - Post by User

Baytex Energy Corp > CPI 6.5%

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Comment by Snowballeron Jan 12, 2023 9:38am

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Post# 35218080

RE:RE:RE:RE:CPI 6.5%

Thats still my worst case scenario for later.. historically recessionary market crash happens when 2yr crosses fed rate and pivot has taken place. We have time. Not sure where oil bottomes in recession just saying I think $43 is the lowest it would go but it may not of course

TheWokeLemming wrote:

riski wrote: We are already in the rally. Up 5% in one week.

It looks like that $3 call will have to wait ;)

Hats off to you though for a bold call. I just don't see how it can happen pretty much ever. This is a much different company than when it last sold for $3.

Low oil prices won't suddenly convert them back to an overdebted operation with only 68,000 BOE production.

Snowballer wrote:
yes and looks like support is holding... expecting a rally here over next little while

TheWokeLemming wrote: Exactly as expected until it gets revised, most likely even lower. Commodities should continue upwards. My opinion only.

I don't think we'll see $43 WTI either.